The Chancellor of the Exchequer, Rishi Sunak has confirmed that the next UK Budget will take place on Wednesday, 3 March 2021. This will be the Chancellor’s second Budget and will focus on delivering the next phase of the plan to tackle the virus and protect jobs. The timeline for delivering Budgets has seen much change over the last few years as the government has been dealing with Brexit related issues and then with the coronavirus pandemic.
This will be the first Budget following the UK’s trade deal with the EU and we may see many new measures being announced. Details of all the Budget announcements will be made on a special section of the GOV.UK website which will be updated following completion of the Chancellor’s speech in March.
The Budget will be published alongside the latest forecasts from the Office for Budget Responsibility (OBR. The OBR has executive responsibility for producing the official UK economic and fiscal forecasts, evaluating the government’s performance against its fiscal targets, assessing the sustainability of and risks to the public finances and scrutinising government tax and welfare spending.